Canada paying price for decades of pipeline complacency

For the longest time Canada’s O&G industry reaped the benefits of having privileged access to the US market, serving regions that found it difficult or costly to bring in oil from other sources. But we assumed these golden conditions would last forever. They didn’t. Now instead of a cosy preferred supplier relationship with the US, the fracking revolution plus inadequate piupeline capacity is forcing us to sell our production at a painful discount to world prices–and the world price is low enough as it is! This is an object lesson in how canada traditionally manages its economic vulnerabilities, but shouldn’t, as I argue in my column for the 26 September edition of the Ottawa Citizen and other Postmedia papers.